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Carbon Bank launches the future of payments for Africa with Zero Buy Now Pay Later (BNPL)

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Carbon

Carbon Zero literally charges ZERO percent interest on all purchases

LAGOS, Nigeria, June 10, 2022/APO Group/ — 

Carbon (https://ng.GetCarbon.co/), a credit led Pan-African digital bank today released Carbon Zero: (Zero-app.GetCarbon.co) , a buy now, pay later web app which helps customers spread the cost of purchases into interest-free instalments, in-store or online. Since its inception in late 2021, Carbon Zero has generated ₦2.3 billion in requests from 41,000 customers who have applied for a spending limit.

Instant Approval

Using proprietary technology Carbon has been developing and improving throughout their 10 years as a credit provider, Carbon’s decision engines can automatically assess affordability and give accurate credit decisions in seconds. By simply sharing their BVN and bank account number, millions of people can make purchases with interest-free credit seamlessly.

We believe that having access to credit and good financial services is a fundamental human right

Market-Leading Spend Amounts

Based on affordability, Carbon Zero allows customers to spend up to N2.5m with Carbon Zero. This is far higher than the spend limits offered by competitors, with most being somewhere between ₦150,000 and ₦500,000. This of course makes Carbon Zero the de-facto choice for customers with higher purchasing power.

The Best Interest Rate: 0%

This one’s easy to explain. Carbon Zero literally charges ZERO percent interest on all purchases which are repaid on time and in full in 3 instalments giving Carbon Zero an edge over competing BNPL providers that charge interest for short tenors.

“We believe that having access to credit and good financial services is a fundamental human right. The costs of basic goods and services are rising and increasingly out of reach for customers, so it’s natural that people need help with financing what we consider everyday modern necessities.” Chijioke Dozie. CEO, Carbon

Distributed by APO Group on behalf of Carbon.

Business

Coca-Cola system invests USD 1.22 million to strengthen water security in Namibia

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Coca-Cola

The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030

WINDHOEK, Namibia, November 5, 2026/APO Group/ –As Namibia continues to face recurring droughts and growing water demand, the country’s water resources are under increasing pressure. Windhoek is situated in one of the most water-stressed regions in sub-Saharan Africa, where low and unpredictable rainfall, combined with high evaporation rates, continues to challenge water availability and long-term water security.[1]

 




  

To help address these shared water challenges, the Coca-Cola system is investing USD 1.22 million in the //Gam-i Swakop Basin Resilience Project, designed to help strengthen water security and support ecosystem restoration in the Swakop River Basin, a vital water source for the city of Windhoek and surrounding communities.

The //Gam-i Swakop Basin Resilience Project aims to support improved water availability and help strengthen the resilience of the Swakop River Basin through nature-based solutions that support sustainable water resource management across the catchment area.

Implemented in collaboration with the Global Water Challenge (GWC) and World Wildlife Fund (WWF) Namibia, the project includes the construction of two sand storage dams, restoration of 235 hectares of land through the clearing of invasive alien plants, and the planting of 750 trees in river buffer zones and environmentally degraded areas within Windhoek’s informal settlements. In addition, two boreholes will be drilled to support groundwater recharge in the Windhoek aquifer, and a water resilience action plan has been developed.

Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities

This work forms part of the Coca-Cola system’s Africa Water Stewardship Initiative, launched in 2024. The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030.

“Because water challenges are local, our approach to water security is focused on local action and collaboration,” said Alfred Olajide, Vice President of East and Central Africa Operations at Coca‑Cola. “The Coca‑Cola system remains focused on helping to promote water stewardship, increasing water use efficiency, and treating and returning safe water to communities.”

Henry Friedrich, General Manager of Coca-Cola Namibia Bottling Company (CCNBC) added: “As part of the Coca-Cola Beverages Africa group, we have a responsibility to assist those who face water scarcity and to help protect local water resources where we operate, especially in places with the biggest challenges. Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities.”

WWF Namibia Country Director, Dr Juliane Zeidler, said: “Water is one of Namibia’s most precious and increasingly vulnerable resources. This project is an opportunity to demonstrate how investing in healthy ecosystems can deliver tangible benefits for people, while also helping communities become more resilient to future climate pressures. We hope the lessons and partnerships developed through this initiative can inform similar approaches elsewhere in the country.”

“Collaboration is essential to addressing shared water challenges effectively. Coca-Cola and its authorised bottlers continue to work with governments, businesses, and civil society organisations to design and implement strategic interventions,” concluded Olajide.


Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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‘Power, Protect, Purchase’: Africa Made It unveils blueprint to capture USD 34B in GDP and accelerate African industrial sovereignty

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Africa

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit

African culture, design, and storytelling influence global fashion, music, and media like never before

LAGOS, Nigeria, November 5, 2026/APO Group/ –Africa Made It (https://AfricaMadeIt.co/), the continental movement driving Africa’s industrial sovereignty, today officially launched its campaign, “Power, Protect and Purchase,” at the CANEX weekend in Lagos, Nigeria. Aimed at unlocking USD 34 billion in annual GDP contribution through a structural transition from unprocessed raw cotton exports to end-to-end local garment processing, the initiative seeks to turn Africa’s vast natural wealth into sovereign, self-sustaining economic power.

 




  

Africa Made It is driven by a consortium of leading pan-African organisations, advocacy groups, and media organisations who are positioning Africa as a global investment hub. Its flagship campaign, spotlighting the fibre-to-fashion value chain, presents a clear roadmap for continental industrialisation: securing competitive energy power for local industrial mills, enacting policy measures to protect emerging domestic manufacturers from unfair foreign imports, and rallying African consumers to purchase locally manufactured apparel. Together, these three pillars ensure that value created from African resources remains on African soil.

 

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit.  Building the continent’s domestic processing capacity in spinning, weaving, and sewing locally produced cotton will sustain nearly two million permanent industrial jobs and inject approximately USD 33 billion directly into domestic household incomes every year, in addition to a recurring contribution of USD 34 billion to the continent’s GDP.

 

While these figures reveal the immense macro-economic potential of the value chain, the true heart of this transformation lies in its human impact. Industrial wages and local lint purchases leading to increased capital circulation in rural communities can drive community micro-economic vitality and contribute to rural poverty reduction. Additionally, formal employment opportunities can expand drastically for women, as they currently make up between 70-90% of garment factory workers on the continent.

 

Realising this vision and changing the lives of millions of people requires a deliberate combination of targeted investments, supportive trade policies, and consumer mobilisation. A USD 1.8 billion capital allocation toward critical structural enablers for garment transformation is the foundation for bridging Africa’s missing middle in the fibre-to-fashion value chain.

 

Marie Wilke, editor-in-chief of the Africa Made It magazine, said, “African culture, design, and storytelling influence global fashion, music, and media like never before. Yet, without domestic manufacturing infrastructure, Africa’s creative authority yields very little economic return. Linking raw cotton harvest directly to local processing ensures that the intellectual property, commercial margins, and industrial jobs remain on the continent. It is time to wear our power.”

 

To learn more about the potential of Africa’s fibre to fashion value chain, watch the campaign video (https://apo-opa.co/4BKAIvY) or read the Africa Made it (https://apo-opa.co/4zvA5VF)magazine (https://apo-opa.co/4zvA5VF). Access the campaign website and resources in English (https://apo-opa.co/4zvA5VF) and French (https://apo-opa.co/4zrK8e2).

Distributed by APO Group on behalf of Africa Made It.

 

 




 

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Energy

International Energy Forum (IEF) Chief to Bring Global Energy Perspective to Libya Energy & Economic Summit (LEES) 2027

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Etu Energias

Secretary General of the International Energy Forum (IEF) Jassim Alshirawi is set to bring international energy policy expertise to discussions on Libya’s multi-billion-dollar investment pipeline and production expansion strategy

TRIPOLI, Libya, November 5, 2026/APO Group/ –International Energy Forum (IEF) Secretary General Jassim Alshirawi will participate as a speaker at the Libya Energy & Economic Summit (LEES) 2027, taking place in Tripoli on January 23–25. His participation will bring international energy policy expertise to discussions on Libya’s production ambitions, infrastructure development and integration into global energy markets.

 




  

Libya is pursuing a $36 billion energy investment program to expand production, develop infrastructure and attract international capital. The country aims to increase oil output to two million barrels per day by 2030–31, creating investment opportunities across upstream operations, gas development and downstream infrastructure. Delivering these ambitions will require financing, technical expertise and sustained cooperation between domestic institutions and international energy companies.

Alshirawi’s experience in international energy cooperation offers relevant perspectives as Libya works to strengthen its position in global markets. The IEF brings together energy-producing and consuming countries to facilitate dialogue on market stability, security of supply and investment. These priorities intersect with Libya’s efforts to mobilize capital, develop its hydrocarbon resources and establish the infrastructure required to support long-term production growth.

Appointed the IEF’s sixth Secretary General, Alshirawi assumed office on January 1, 2025, following his election on June 25, 2024. He brings more than 40 years of experience across the public and private energy sectors, including senior executive positions at Bahrain Petroleum Company and Bahrain’s Ministry of Oil, alongside advisory responsibilities to Bahrain’s oil and gas minister.

His professional background also includes contributions to Bahrain’s renewable energy and energy efficiency planning. Before becoming Secretary General, Alshirawi served seven years on the IEF Executive Board and nine years in its International Support Group, building extensive experience in institutional cooperation and international energy policy.

Libya became the IEF’s 72nd member country in January 2023, strengthening its participation in international energy dialogue and the Joint Organisations Data Initiative. Membership provides a platform for engagement on energy data transparency and market developments, supporting Libya’s efforts to deepen international cooperation as it pursues investment and production targets.

LEES 2027 will bring government representatives, national oil companies, international operators, investors and financial institutions to Tripoli to examine commercial opportunities across Libya’s energy sector. Alshirawi’s participation will contribute an international policy perspective to discussions on financing, infrastructure integration and the partnerships required to advance the country’s energy development objectives.

For more information about LEES 2027, visit www.LibyaSummit.com. To sponsor or participate as a delegate, contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

 




 

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